Amerityre Corp
OTC:AMTY
ROCE
Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profit. It shows how much net income is earned for each dollar of capital employed.
Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profit. It shows how much net income is earned for each dollar of capital employed.
Peer Comparison
| Country | Company | Market Cap | ROCE | ||
|---|---|---|---|---|---|
| US |
|
Amerityre Corp
OTC:AMTY
|
3.3m USD |
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|
| JP |
|
Bridgestone Corp
TSE:5108
|
4.8T JPY |
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|
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
24.1B EUR |
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|
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
1.2T JPY |
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|
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
6.5B EUR |
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|
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
52.4B CNY |
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|
| IN |
|
MRF Ltd
NSE:MRF
|
609.8B INR |
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|
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
9.3T KRW |
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|
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
472.1B INR |
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|
| JP |
|
Toyo Tire Corp
TSE:5105
|
735.5B JPY |
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|
| JP |
|
Sumitomo Rubber Industries Ltd
TSE:5110
|
721B JPY |
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Market Distribution
| Min | -1 112 400% |
| 30th Percentile | -2.3% |
| Median | 5.3% |
| 70th Percentile | 11.8% |
| Max | 334 937.1% |
Other Profitability Ratios
Amerityre Corp
Glance View
Amerityre Corp. engages in the development, manufacture, and sale of polyurethane tires. The company is headquartered in Boulder City, Nevada. The firm's polyurethane material technology is based on two formulations: closed-cell polyurethane foam, a material with high load-bearing capabilities for low duty cycle applications, and Elastothane, a high-performance polyurethane elastomer with high load-bearing capabilities for high duty applications. The company is focused on three segments of the tire market: closed-cell polyurethane foam tires, polyurethane elastomer industrial tires and tires for agricultural applications. The firm's brands include Amerityre, Elastothane, Arcus, Atmospheric, Logo and Kik. The company manufactures closed-cell polyurethane foam tires for bicycles, golf and baggage carts, hand trucks, lawn and garden equipment, wheelbarrows, personnel carriers, and medical mobility products. The company has developed solid polyurethane industrial tires made of Elastothane.
See Also
ROCE is calculated by dividing the EBIT by the Avg Capital Employed.
Over the last 3 years, Amerityre Corp’s ROCE has increased from 1.1% to 18.9%. During this period, it reached a low of 1.1% on Jun 30, 2019 and a high of 18.9% on Jun 30, 2022.
